Massive trade volume on South Korea's exchange UPBIT for the WAXP token. Typically 4x that of Binance and all other exchanges combined. When the Kimchi Indicator hits certain upper bounds, you typically see mass buy volume on WAXP across non-korean exchanges
BINANCE:WAXPUSDT
UPBIT:WAXPKRW
Using the South Korean won chart as there is more history! Nonetheless the 1-day USD chart is shown below. On the above 2-day chart we have:
1) Past RSI resistance has now become support.
2) Stochastic RSI makes higher highs with lower lows in price action = normal bullish divergence
3) Price action finds support on the 21-week moving average (see dollar chart...
